ZhiSheng Tech (4551) held its shareholders' meeting yesterday (18th) and approved a cash dividend of 4.2 Yuan per share, marking the 11th consecutive year of dividend distribution, with a payout ratio of 50.66%. The company's combined revenue for last year was 7.691 billion Yuan, with a net profit after tax of 955 million Yuan, and an EPS of 8.29 Yuan.

The company is highly confident in its operational growth for 2025, anticipating positive momentum in the automotive, medical, and electronics sectors. It is actively entering the semiconductor advanced process equipment and AI server cooling systems, successfully integrating into the supply chain of international AI chip manufacturers.

For 2024, ZhiSheng Tech expects to achieve revenues of 7.691 billion Yuan, an increase of 7.99% year-over-year, with a significant net profit growth of 85.29% to 955 million Yuan, and an EPS of 8.29 Yuan, reflecting an annual increase of 85.46%. Despite facing inflationary pressures and challenges with inventory adjustments in the manufacturing sector, the company maintains steady growth due to its diversified industrial portfolio.

Looking ahead to 2025, ZhiSheng Tech views it as a critical transformation year, with a speedy transition in its automotive business and gradual recovery in its medical business. Customer demand is expected to pick up, and delayed orders are anticipated to resume. In the second half of the year, the company plans to begin shipping precision components for AI surgical robots and smart medical robotic arms, adding new momentum to its operations.

In the AI field, ZhiSheng Tech's electronics division is benefiting from the demand for AI storage hard drives, and its semiconductor division has successfully entered the supply chains of major international advanced process equipment manufacturers, with plans to commence trial production in 2025. Additionally, key components for AI server cooling systems have successfully entered mass production and are set to join the global AI chip ecosystem, with shipments starting in the second half of the year, expected to provide fresh growth impetus.